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NXT vs. SPUU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NXT and SPUU is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.3

Performance

NXT vs. SPUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). The values are adjusted to include any dividend payments, if applicable.

0.00%20.00%40.00%60.00%80.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
16.62%
92.91%
NXT
SPUU

Key characteristics

Sharpe Ratio

NXT:

-0.46

SPUU:

2.09

Sortino Ratio

NXT:

-0.43

SPUU:

2.63

Omega Ratio

NXT:

0.95

SPUU:

1.36

Calmar Ratio

NXT:

-0.58

SPUU:

3.06

Martin Ratio

NXT:

-1.02

SPUU:

12.81

Ulcer Index

NXT:

27.64%

SPUU:

4.02%

Daily Std Dev

NXT:

61.59%

SPUU:

24.60%

Max Drawdown

NXT:

-48.61%

SPUU:

-59.35%

Current Drawdown

NXT:

-41.66%

SPUU:

-5.01%

Returns By Period

In the year-to-date period, NXT achieves a -24.18% return, which is significantly lower than SPUU's 47.31% return.


NXT

YTD

-24.18%

1M

-5.50%

6M

-35.16%

1Y

-28.06%

5Y*

N/A

10Y*

N/A

SPUU

YTD

47.31%

1M

-0.57%

6M

15.04%

1Y

48.18%

5Y*

21.30%

10Y*

20.20%

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Risk-Adjusted Performance

NXT vs. SPUU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for NXT, currently valued at -0.46, compared to the broader market-4.00-2.000.002.00-0.461.98
The chart of Sortino ratio for NXT, currently valued at -0.43, compared to the broader market-4.00-2.000.002.004.00-0.432.52
The chart of Omega ratio for NXT, currently valued at 0.95, compared to the broader market0.501.001.502.000.951.35
The chart of Calmar ratio for NXT, currently valued at -0.58, compared to the broader market0.002.004.006.00-0.582.90
The chart of Martin ratio for NXT, currently valued at -1.02, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.0212.12
NXT
SPUU

The current NXT Sharpe Ratio is -0.46, which is lower than the SPUU Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of NXT and SPUU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.46
1.98
NXT
SPUU

Dividends

NXT vs. SPUU - Dividend Comparison

NXT has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 0.47%.


TTM202320222021202020192018201720162015
NXT
Nextracker Inc
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPUU
Direxion Daily S&P 500 Bull 2x Shares
0.47%0.83%0.88%3.04%8.03%1.80%5.50%6.96%8.08%1.26%

Drawdowns

NXT vs. SPUU - Drawdown Comparison

The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for NXT and SPUU. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-41.66%
-5.01%
NXT
SPUU

Volatility

NXT vs. SPUU - Volatility Comparison

Nextracker Inc (NXT) has a higher volatility of 14.58% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 7.43%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
14.58%
7.43%
NXT
SPUU
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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